Si6 Metals is going for gold with Monument drilling
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Special Report: Si6 Metals (ASX:Si6) has kicked off drilling targeting two gold prospects at the Monument project in Western Australia’s Laverton Tectonic Zone.
The company plans to drill 13 holes totalling 1,715m at the Waihi prospect where historical drilling stopped short of intersecting the banded iron formation-ultramafic contact that hosts the bulk of gold mineralisation along the Korong-Perseverance corridor.
A further 21 holes totalling 2,660m will be drilled at the Korong prospect to test down-plunge extensions to known mineralisation and testing “blow-out” zones associated with cross-cutting structures.
Drilling is expected to take between three to four weeks to complete with samples to be submitted to ALS Laboratories in Kalgoorlie for assay.
Last month, reconnaissance rock chip sampling confirmed anomalous gold mineralisation over 9km of strike between the A1 and Perseverance prospects.
Detailed 3D structural and geological modelling at the Korong and Waihi prospects were also completed and interpreted ahead of the current drilling.
Si6 is acquiring the Monument gold project in WA’s Laverton gold district from DiscovEx Resources (ASX:DCX).
Over in Botswana, Si6 has completed the first diamond drill hole since 2015 at testing for the continuation of nickel sulphide mineralisation previously intersected in hole MARD0094.
The company’s new hole is about 50m northeast of the previous hole and was designed to test the mineralised horizon at about the same depth.
Visual inspection of the core has revealed promising occurrences of sulphide minerals associated with ultramafic and amphibolitic rock types from approximately 450m to 525m down hole.
Si6 says the confirmation that the continuation of the MARD0094 nickel sulphide horizon towards the northeast paves the way for it to search for further occurrences of massive sulphides in a target area that is open in all directions.
It plans to carry out down hole electromagnetic surveying to identify off-hole conductors for follow-up drill testing.
The hole will also be logged and cut in the coming week, and samples dispatched to an independent laboratory in South Africa for analysis.
Further, results achieved from IP studies recently carried out at nearby Airstrip and Dibete Prospects demonstrate further significant anomalies prospective for base and precious metals. Upcoming work is planned to resolve accurate depth to chargeability targets and then Reverse Circulation drilling will commence.
This article was developed in collaboration with Si6 Metals, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.